Budget 2020

Annually, Town Council adopts a budget that guides capital and operating expenditures for the given year. 

2020 Budget Highlights
2020 Tax Infographic
2020 Budget Presentation
2020 Operating Budget Summary
2020 Fees and Charges Schedule - Effective January 1, 2020

Financial Plans
3yr Operating and 5yr Capital Plan

Financial Statements
2019 Financial Statement
2018 Financial Statement

The average municipal tax bill is comprised of three elements:

Municipal Property Tax
Municipal property tax rates are determined by the programs, services, and infrastructure needs of residents and businesses. Tax Rates are applied to the assessed value of properties within the municipalities.

Education Property Tax
Every year the province calculates, based on assessment value, the amount each municipality must contribute towards the public education system. Municipalities collect the education property tax from rate payers and then forward it to the province for a deposit into the Alberta School Foundation Fund.

Lamont County Seniors Foundation
the Town receives a requisition from the Lamont County Seniors Foundation which provides affordable seniors housing. Under the Alberta Housing Act, the Town is required to collect these funds from the municipality property owners, similar to the education requisition.